Stock prices dropped last week, led lower by the Dow Jones Industrial Average, which fell more than 2%. The Dow is the weakest of the large cap indexes this year, up only 3.2% compared to the S&P 500’s 9.1% year-to-date gain. Performance in the bond market has been even weaker:10-Year Treasury Note Futures are off 2.9% in 2024. The bright spot for investors has been commodities. Both crude oil and gold were up more than 4% last week, and both are up double digits for the year. For gold, last week’s close was the highest of all time.
The Monday Morning Grind - 4/8/2024
The Monday Morning Grind - 4/8/2024
The Monday Morning Grind - 4/8/2024
Stock prices dropped last week, led lower by the Dow Jones Industrial Average, which fell more than 2%. The Dow is the weakest of the large cap indexes this year, up only 3.2% compared to the S&P 500’s 9.1% year-to-date gain. Performance in the bond market has been even weaker:10-Year Treasury Note Futures are off 2.9% in 2024. The bright spot for investors has been commodities. Both crude oil and gold were up more than 4% last week, and both are up double digits for the year. For gold, last week’s close was the highest of all time.